The best account lineup wins.
The gloves are off. Big banks like Chase and others are going after new checking accounts in a bare fisted way, paying a hefty price to get your customers to switch to their bank.
Why are they paying up to get them to switch? They know that checking accounts can be profitable and are the primary lead to selling other services and products.
And fintech competitors like Simple and Moven are joining in the fray, armed with mobile-friendly products touted as superior to yours.
Don’t enter this battle with an unappealing, weak lineup that’s costing you money. You will lose.
It’s critical that your products are elegantly designed and built to add value to customers' mobile lifestyles and smartly priced to generate much needed checking-related profitability.
StrategyCorps can deliver the tools to offer a lineup that keeps your customers, improves profitability and tells those big banks to go do battle elsewhere.
Protect your best relationships. Fix the others.
Our CheckingScore analytical solution identifies your best, most profitable relationships and their contribution to your bottom line. Then it prescribes product upgrades for these valuable relationships that increase their loyalty to you and dilute the appeal of another bank’s advances.
After securing your best relationships, it’s time to fix the shallow ones (single product, low balance households where you’re most likely not their primary bank) that are costing you money. With new appealing products and intelligent pricing, we’ll fix and grow the financial contribution of these shallow relationships that on average make up about 40% of your checking base.
Plus, CheckingScore can show how your bank's checking performance stacks up against others using our Top 20 industry benchmarks, developed from our proprietary database of detailed performance on millions of consumer checking relationships.
Modern benefits monetized on mobile.
Big banks are outfighting you to be an essential part of the relationship your customers have with their phones.
StrategyCorps' mobile app has proven to be an unmatched tool that connects everyday mobile use with the traditional checking account to keep you in this relationship and other banks out.
Our app, powered by BaZing technology and totally personalized to your bank's name, look and brand, delivers the everyday benefits that customers need and big banks aren’t providing, like local merchant and national retailer discounts, cell phone protection, roadside assistance and more. And we’ve proven these modern, mobile benefits are fee-worthy, generating millions in customer-friendly revenue annually for our clients. That’s right, we’ve monetized mobile!
Our two solutions, CheckingScore and the BaZing app, immediately boost your bank's bottom line with product and pricing solutions that improve customer retention, deepen relationships and/or increase customer friendly fee income depending on each customer’s existing connection with your bank.
Here’s what our typical clients experience:
- 12% increase in deposits
- 17% increase in debit interchange fee income
- 37% increase in monthly recurring fee income
On average, this yields annual, recurring financial productivity of about $400,000 for every billion dollars of assets over what you’re generating today from your consumer checking portfolio.
StrategyCorps is America's leading specialist in checking account profitability.
Since 2001, we've worked with hundreds of financial institutions of all sizes nationwide. Our experience and knowledge of consumer checking strategy, pricing and customer behavior has provided our clients with hundreds of millions of dollars of financial return. We can do the same for you. It's simple, quick and easy to learn more about how StrategyCorps will help you win the battle for customers. Just request a webinar below, contact us or learn more about our company.
Request a Webinar Or a follow up phone call.
Let us show you CheckingScore and BaZing in action and how to discover your best, most profitable account lineup.